In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.
The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) was enacted in 1991 to implement regulatory changes that assist in ensuring safety and soundness of financial institutions.
Bankers should understand the requirements if their institution is approaching the $500 million or $1 billion thresholds considering crucial planning and realistic timelines. We’ll cover the key facts about FDICIA including auditing and enhanced reporting requirements as well as audit committee responsibilities.
Next we’ll look at the steps to take in order to successfully implement FDICIA to satisfy audit and regulatory guidelines including:
Monitoring and preparing for implementation
Reviewing internal controls and devising an action plan
Establishing key controls and determining a testing methodology
Obtaining the necessary skills and resources for implementation
Anticipating the costs and budgeting for FDICIA Compliance
Engaging your audit committee in fraud prevention
Determining the correct technology to assist with compliance.
The ICBA Compliance Vault is now available as a member benefit to all ICBA members.
The Compliance Vault is a reliable search tool that helps you find answers to your regulatory compliance questions, with access to over 2,500 Q&As, select online courses, and documents.
Community Banker University offers a variety of online training options with courses that build knowledge and a strong foundation within key areas of the banking industry and professional development.
The courses in the Community Banker Compliance Certificate Program are designed to give community bankers the knowledge and skills they need to become experts in regulatory compliance. The certificate program consists of four critical learning areas.
One of the three elements of an effective compliance program is monitoring and corrective action. These compliance working papers are essential for monitoring your financial institution’s compliance with federal consumer compliance laws and regulations.
Initial Price
ICBA Member: $599
Nonmember: $799
Annual Digital Renewal
ICBA Member: $299
Nonmember: $399
The ICBA Compliance Deskbook is the industry’s premier resource for compliance information. Access regulations, important dates, agency guidance, questionnaires, and other resources in one place.
Initial Price
ICBA Member: $399
Nonmember: $549
Annual Digital Renewal
ICBA Member: $249
Nonmember: $349
The Bank Compliance Checkup Program provides a comprehensive system for on-going monitoring of your bank’s compliance with Deposit, Lending, Administrative and IT/Tech/Security regulations.
